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Segments

By segment

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Reportable Segment-$4.2M+78.3%

Other financials

Income statement

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Revenue$14.4M+65.7%
Gross profit$11.0M+117%
Net income-$8.1M+64.9%
EPS (diluted)-$0.07+70.8%

Balance sheet

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Cash & equivalents$110.7M+61.3%
Total debt$64.4M+7.4%
Total equity-$34.1M+44.1%
Total assets$141.1M+38.0%

Cash flow

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Operating cash flow-$14.8M+36.7%
CapEx$52.0K-61.5%
Free cash flow-$14.9M+36.9%

Valuation

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Market cap$494.34M+28.9%
Enterprise value$447.96M+17.1%
P/S9.8×+1.1×

Profitability

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Gross margin63.5%-4.9pp
Operating margin-111.2%+96.3pp
Net margin-137.1%+80.7pp
FCF margin-88.2%-2.2pp

Returns & leverage

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Return on equity145.1%
Debt / equity-1.9×
Current ratio4.1×-0.8×

Where this comes from

Reported directly by Aquestive Therapeutics, Inc. in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The source filing: Aquestive Therapeutics, Inc.’s 10-Q, filed May 13, 2026.

Filed
May 13, 2026, 4:08 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001398733-26-000030
Line itemThree Months Ended March 31, 20262025
Research and development4,2045,361
Selling, general and administrative10,97719,072
Total costs and expenses18,65028,085
Loss from operations(4,204)(19,365)
Other income/(expenses):
Interest expense(2,903)(2,782)
Interest expense related to royalty obligations(973)(1,437)
Interest expense related to the sale of future revenue(60)(59)

Item 1. FINANCIAL STATEMENTS (Unaudited)

FAQ

What is Aquestive Therapeutics, Inc.'s operating income?
Aquestive Therapeutics, Inc. (AQST) reported operating income of -$4.2M in Q1 2026.
How has Aquestive Therapeutics, Inc.'s operating income changed year-over-year?
Aquestive Therapeutics, Inc.'s operating income increased by 78.3% year-over-year, from -$19.37M to -$4.2M.
What is the long-term trend for Aquestive Therapeutics, Inc.'s operating income?
Over 4 years (2021 to 2025), Aquestive Therapeutics, Inc.'s operating income has grown at a 19.6% compound annual growth rate (CAGR), from -$34.68M to -$71.05M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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